BEE Transaction definition
BEE Transaction means the issue of equity instruments to Black Persons or a group of Black Persons based on the principles of broad-based black economic empowerment the aim of which includes-
BEE Transaction means the broad-based black economic empowerment transaction with an aggregate value of R7,500,000,000.00 (seven billion five hundred million rand), in terms of which inter alia the company acquired 3.4% (three point four percent) of the shares in VSA;
BEE Transaction means a transaction entered into by any member of the Group for the purposes of compliance with the BEE Requirements;
Examples of BEE Transaction in a sentence
Such share certificates shall only be released, if necessary, for the purposes of implementing any transfer permitted in terms of this Agreement and/or required under the BEE Transaction Documents on the basis that once such transfer is implemented, all share certificates in respect of the remaining MTN Shares after such transfer are retained and held by MTN (or its relevant nominees or agents).
More Definitions of BEE Transaction
BEE Transaction means Vodacom Group’s proposed R16.4 billion BEE transaction, detailed in paragraph 3 of the circular, to be implemented via a series of interlinked and inter-conditional transactions, namely: (i) the unwind of the existing Vodacom SA BEE transaction, (ii) the consolidation of Vodacom SA BEE shareholders’ interest in Vodacom SA into YeboYethu, (iii) the declaration of the special dividend to YeboYethu shareholders, (iv) a contribution by Vodacom Group (on its own behalf and for the benefit of the employer companies) to the Vodacom ESOP to enable the Vodacom ESOP to acquire and subscribe for YeboYethu ordinary shares, (v) the exchange of YeboYethu’s shareholding in Vodacom SA to Vodacom Group in return for the issue of shares by Vodacom Group; and (vi) the raising of funding by YeboYethu through the issue of preference shares to Vodacom Group and third-party funders and the use of the proceeds, among other things, to undertake the Vodacom Group specific issue;
BEE Transaction means the transactions contemplated in the BEE Agreements;
BEE Transaction means any ownership transactions between any Member of the Founder Group and Black People;